IRFC Explores Funding Infra Projects Linked To Railways
RAILWAYS & METRO RAIL

IRFC Explores Funding Infra Projects Linked To Railways

Indian Railway Finance Corporation (IRFC), a financial institution under the Ministry of Railways, is expanding its funding beyond Indian Railways to public and private infrastructure projects with strong ties to the railway sector. The state-owned non-bank financial institution (NBFC) has recently gained the prestigious Navratna status. It is now eyeing sectors like power generation, transmission, mining, coal, fuel, warehousing, telecom, and hospitality, sectors directly linked to railways.

IRFC is also considering funding rolling stock requirements for railway customers, container train operators, Metro Rail projects, and port rail connectivity, as well as PPP projects sanctioned by Indian Railways, according to Manoj Kumar Dubey, the company's CEO and CMD. So far this quarter, IRFC has secured three orders worth Rs 115 billion for NTPC projects, marking its first major funding outside Indian Railways.

Indian Railway Finance Corporation (IRFC), a financial institution under the Ministry of Railways, is expanding its funding beyond Indian Railways to public and private infrastructure projects with strong ties to the railway sector. The state-owned non-bank financial institution (NBFC) has recently gained the prestigious Navratna status. It is now eyeing sectors like power generation, transmission, mining, coal, fuel, warehousing, telecom, and hospitality, sectors directly linked to railways.IRFC is also considering funding rolling stock requirements for railway customers, container train operators, Metro Rail projects, and port rail connectivity, as well as PPP projects sanctioned by Indian Railways, according to Manoj Kumar Dubey, the company's CEO and CMD. So far this quarter, IRFC has secured three orders worth Rs 115 billion for NTPC projects, marking its first major funding outside Indian Railways.

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?